Coverage summary
Aardvark Labs Capital Research has covered Bank of America Corporation (BAC) since July 17, 2025. The company is in the Financial Services sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q3 2026 Earnings Recap, published October 19, 2026. The current rating is Outperform, unchanged since the Q4 2025 Earnings Recap of January 15, 2026. The rating has changed once since coverage began.
Translations: 5 in Chinese.
The Excel model for BAC is available to download.
Rating history
All BAC reports
Recap: Q3 2026
A $1.2B Penalty and a FICC Air Pocket Break the Beat Streak, but the Spread Engine Gets a 2027 Guide Above Range: Maintaining Outperform, Fair Value Cut to $55–66
Recap: Q2 2026
ROTCE 17% and an Op-Leverage Guide Raised to 300–400bps Carry a Fee-Led Beat; NII Was the Quarter’s Lone Miss — Maintaining Outperform, FV $62–72
Recap: Q1 2026
ROTCE 16% Cleared Lower-End of Target Range, FY26 NII Guide Raised to 6–8%, Equities Best-Ever Quarter — Maintaining Outperform, FV $52–60
Recap: Q4 2025
FY26 NII Guide +5–7%, 200bps Operating Leverage, ROTCE Glide Path to 16–18%, FY25 EPS $3.81 (+19%) — Upgrading to Outperform
Recap: Q3 2025
IB Fees +43%, Trading Streak to 14 Quarters, FY25 Q4 NII Exit Guide Reaffirmed at $15.6B+ — Maintaining Hold
Recap: Q2 2025
Record NII, Asset-Sensitive Book into Easing Cycle, Full Valuation — Initiating at Hold